Cold drawing process is one of the most used metals forming process in industries for forming of seamless tubes. This process of plastic deformation of metals occurs below the recrystallization temperature and is generally performed at room temperature. When metal is cold worked, upon release of forming force, springback occurs. In this paper the springback effect of seamless tube that has undergone cold drawing has been studied for three different reduction ratios viz.10-15 %,15-20 % and 20-25 % with the aim to reduce it. Experiments are conducted under different reduction ratios with working conditions of die semi angles of 10 and 15 degree, die land width of 5 mm and 10 mm as well as drawing speed of 4, 6 and 8 m/min for C-45 tube material. Optimum reduction ratio is finalized using Statistical Package for Social Science (SPSS) software of data analysis using statistical tests like Kruskal-Wallis, ANOVA, Post-hoc etc. Metallurgical analysis through microstructural investigation, XRD and mechanical testing through cold draw load, hardness testing for different reduction ratios are also studied for validation purpose. The result of this research is that 10-15 % reduction ratio yields minimum springback. This can be used to help in design of tools in the metal forming industry to minimize springback and to improve the quality of the product.